Post
Topic
Board Bitcoin Discussion
Re: Will you donate Bitcoin for the poor and needy?
by
julzcoinbit
on 13/02/2018, 08:34:28 UTC
The point is to keep a bitcoin separately for donation to the poor. Donating a bitcoin directly will make sense if the receiver is aware of the functioning of bitcoin and Cryptocurrency. A poor and / or needy man can be sometimes an educated man or a knowledgeable man who is struggling to meet his ends. Bitcoin can otherwise be encashed and given to the poor.

It is always better to think big. I would rather create a trust or try to invest in healthcare or education of a poor child. All quick helps will not last long. Educating one child by spending a $25000 or more will reap great benefits to the society in comparison with feeding a whole lot of people once with the same money. Though it is not bad to feed but it is better to invest in a system that more than once continually feeds.

Yes I will donate Bitcoin to the poor and needy the way I feel is best useful for them. One percentage of the income can always be set aside for donation. After all, life is short and it is best to help as much as we can.

I agree that there will be organizations who will accept Bitcoin as donations especially it is the trend today, seems like everyone will be more open to crypto currency despite the fact that it is risky in some ways.

Maybe, like the major concern here, we need to be sure that these organizations is far from possible scams and has a great knowledge in using these cryptos. We should have the assurance that all of our donations, if ever, will be in good hands and can truly help these unfortunate people.

If you really want to donate an organization about poor and needy well, there's another way to make you hassle free to donate or help for those who needs and that is through convert bitcoin into fiat ,so that no need for an organization
to convert it into fiat and could make them directly to buy some foods and basics to share it for those who necessarily need it.
so that there wiol be no hassle and can directly to use that needs